USDCAD Daily Analysis – January 29, 2019

Being contained by 1.3179 support, USDCAD rebounded from 1.3202. However, the bounce is likely correction for the downtrend from 1.3374, another fall towards 1.3100 could be expected after the correction. Resistance is at 1.3300, only break above this level could trigger another rise towards 1.3450.

USDCAD 4-hour chart